Reviews of Stock Brokers

Bansal Finstock

When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Bansal Finstock, one of India's prominent Full Service Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Bansal Finstock founded in 2004 by Rashmin Relia is a Private company headquartered in Bhavnagar, Gujarat India. As a Full Service Broker, Bansal Finstock aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Bansal Finstock operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewBansal Finstock
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterBhavnagar, Gujarat
FoundersRashmin Relia
Foundation Year2004
Supported ExchangesNA
Total branchesNil

Bansal Finstock Account opening charges

To begin trading with Bansal Finstock, you need to open a trading account and a Demat account. Bansal Finstock charges Rs.300 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.300 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesBansal Finstock
Trading Account Opening ChargesRs.300
Demat AMC (Annual Maintenance Charges)Rs.300 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum Rs.10,000
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Bansal Finstock Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Bansal Finstock brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesBansal Finstock
Equity Delivery Brokerage0.2% – 0.3%
Equity Intraday Brokerage0.02% – 0.035%
Equity Futures Brokerage0.02% – 0.035%
Equity Options BrokerageRs.20 – Rs.30 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesBansal Finstock
Currency Futures Brokerage0.02% – 0.035%
Currency Options BrokerageRs.20 – Rs.30 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesBansal Finstock
Commodity Options Brokerage0.02% – 0.035%

Bansal Finstock Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesBansal Finstock
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00265%
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesNA

Bansal Finstock Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Bansal Finstock:

Equity LeverageBansal Finstock
Equity DeliveryUpto 2x
Equity IntradayUpto 7x
Equity FuturesUpto 3x
Equity OptionsUpto 5x

Bansal Finstock Currency Leverage

Currency LeverageBansal Finstock
Currency FuturesUpto 3x
Currency OptionsUpto 2x

Bansal Finstock Commodity Leverage

Equity LeverageBansal Finstock
CommodityUpto 3x

Bansal Finstock Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

OffersBansal Finstock
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersYes
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Bansal Finstock Features

FeaturesBansal Finstock
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 7x
Mutual FundsNo
SIP (Systematic Investment Plan)No
Forex TradingNo

Bansal Finstock Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

ServicesBansal Finstock
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Bansal Finstock Trading Platforms

The Bansal Finstock trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.

Bansal Finstock Trading Platforms

Desktop Trading PlatformsBansal Finstock
Desktop BrowserYes

Bansal Finstock Mobile App

The Bansal Finstock mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppBansal Finstock
Mobile BrowserYes
Android AppNo
iOS AppNo
Windows AppNo
Other mobile osNo

Bansal Finstock Web Trading

For web-based trading, Bansal Finstock offers a powerful trading website known as Bansal Finstock trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.

Bansal Finstock Trade Terminal

Bansal Finstock offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.

Bansal Finstock Customer Support

Customer SupportBansal Finstock
Relationship ManagerNo
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches13

Bansal Finstock Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Bansal Finstock.

BSE ComplaintsBansal Finstock
BSE Complaints1
BSE Resolved Complaints1
Percentage of resolved BSE complaints100.00 %
NSE Complaints13
NSE Resolved Complaints13
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %


In conclusion, Bansal Finstock offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Bansal Finstock can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.